Lifelock Inc (LOCK) was Downgraded by Dougherty & Company to ” Sell” and the brokerage firm has set the Price Target at $24. Earlier the firm had a rating of “Buy ” on the company shares. Dougherty & Company advised their investors in a research report released on Nov 21, 2016.
Many Wall Street Analysts have commented on Lifelock Inc. Company shares were Reiterated by Canaccord Genuity on Nov 14, 2016 to “Buy”, Firm has raised the Price Target to $ 23 from a previous price target of $21 .
On the company’s financial health, Lifelock Inc reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.35. The company had revenue of $170.29 million for the quarter, compared to analysts expectations of $168.44 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Lifelock Inc opened for trading at $20.7 and hit $20.96 on the upside on Monday, eventually ending the session at $20.75, with a gain of 0.14% or 0.03 points. The heightened volatility saw the trading volume jump to 9,92,085 shares. Company has a market cap of $1,954 M.
In a different news, on Nov 15, 2016, Richard Todd Davis (EXECUTIVE VICE CHAIRMAN) sold 43,400 shares at $19.16 per share price. According to the SEC, on Aug 11, 2016, Chris G Power (CHIEF FINANCIAL OFFICER) sold 10,000 shares at $16.80 per share price. On Jun 3, 2016, David J/ca Cowan (director) sold 0 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.
LifeLock Inc. is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises. It operates in two segments: consumer segment which offers offer identity theft protection services to consumers on a monthly or annual subscription basis and an enterprise segment which offers consumer risk management services to enterprise customers who pay it based on the monthly volume of transactions with the Company. As of December 31 2014 the Company served approximately 3.6 million paying members. As of December 31 2014 the Company served over 300 enterprise customers. The Company offers the LifeLock Wallet mobile application which allows consumers to replicate and store a digital copy of the personal wallet contents on smart device for records backup as well as mobile use of items such as credit identification ATM (automated teller machine) insurance and loyalty cards.